MPI shareholders
had approved all the ordinary and special businesses as set out in the notice
of the Annual General Meeting ("AGM"). At the Extraordinary General
Meeting convened immediately after the conclusion of the 41st AGM, MPI
shareholders had approved all the ordinary resolutions.

SC has approved the
application by MPI for waiver from complying with the condition
requiring an additional provision stating that MPI shall not grant any share
options or prime value options during the period when MPI has the intention or
proposes to purchase its own shares, to be included in Clause 3.2 of the ESOS
Bye-Laws of MPI.

MPIB's indirect
subsidiary, Signal Technology Sdn Berhad shall be dissolved on the
expiration of 3 months after the lodgement date with the Registrar of Companies
and with the Official Receiver on 11 October 2002

MPIB announces that the
Securities Commission has vide its letter dated 16 May 2002 approved the
proposed extension of the duration of the Employee Share Option Scheme for an
additional period of 5 years to 23 December 2009 and the proposed amendments to
the existing Bye-Laws of the Executive Share Option Scheme.

MPIB has
incorporated a wholly owned subsidiary in the People's Republic of China (PRC),
known as "Carsem Semiconductor (Suzhou) Co. Ltd., with an initial paid-in
capital of USD 1 million. This is to enable the Group to expand its
semiconductor business into PRC.

MPIB
has declared a second interim dividend of 60% (30% tax exempt, 30% less tax),
for the financial year ending 30 June 2002 (2000/2001 : 30% tax exempt, 30%
less tax and a special dividend of 20% tax exempt) to be paid on 18 June 2002.

Ex-date : 29 May 2002

Entitlement Date : 31 May 2002

9 May

MPIB recorded a loss before tax of RM9.9 million for its 3rd quarter
ended 31 Mar 2002

MPIB proposed to amend the existing Bye-Laws of the Executive Share Option
Scheme and thereafter to adopt the amended and restated Bye-Laws of the
Employee Share Option Scheme of MPI and to extend the duration of the
Scheme for an additional period of five years.

Referring to the Stock Quotations section appearing in page B6 of the Business
Section of New Straits Time Press dated today, MALAYSIAN PACIFIC INDUSTRIES
BERHAD ("MPI") (Stock Name: MPI Ind; Stock Code No. 3867) announced to KLSE to
inform that MPI is NOT a PN 4 company.

Classic has been dormant since its date of incorporation on 22 October 1991 and
there is no future plan to activate it. The Disposal is not expected to have
any effect on the net tangible assets and earnings per share of the MPI Group
for the financial year ending 30 June 2002. The Company is not aware of any of
its Directors, substantial shareholders and persons connected with them, having
any interest, direct or indirect, in the Disposal. The Disposal is not subject
to the approvals of shareholders or any governmental authorities.

7 Feb

MPIB declared interim dividend of 30% per share tax exempt. The
securities will be traded and quoted "Ex-Dividend" from 1 Mar 2002. The last
date of lodgement is 5 Mar 2002 payable 19 Mar 2002.

7 Feb

MPIB declared interim dividend of 30% per share tax exempt. The shares will be
traded and quoted "Ex-Dividend" from 1 March 2002. The last date of lodgement
is 5 March 2002 and is payable on 19 March 2002.

6 Feb

MPIB recorded a loss before tax of RM7.3 million for its 2nd quarter ended 31
Dec 2001